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3 years ago

Ensley Corporation has provided the following data concerning its only product:

Business

1 answer:

Minchanka [31]3 years ago

5 0

Answer:

28%

Explanation:

Given that,

Selling price = $ 200 per unit

Current sales = 30,300 units

Break-even sales = 21,816 units

Current sales in dollars:

= Current sales × Selling price

= 30,300 units × $200 per unit

= $6,060,000

Break even sales in dollars:

= Break-even sales × Selling price

= 21,816 units × $200 per unit

= $4,363,200

Margin of Safety as a percentage of sales:

= (Current sales in dollars - Break even sales in dollars) ÷ Current sales in dollars

= ($6,060,000 - $4,363,200) ÷ $6,060,000

= $1,696,800 ÷ $6,060,000

= 0.28 or 28%

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The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on

Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

8 0

2 years ago

Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they

defon

Answer:

C. rating scale test.

Explanation:

In a rating scale test, respondents are asked by researchers to rate either their products, services, or work on a scale, say one to ten. This type of test is used by researchers when they want respondents to place value on the features,products,service as contained in the questionnaire.

This type of test is also used to assess performance of employees, products,services etc inorder to achieve a particular goal.

Rating scale is also used to get more information about comparisons between two values hence an important survey method.

3 0

3 years ago

Jamison's gross tax liability is $7,200. Jamison had $2,625 of available credits and he had $4,400 of taxes withheld by his empl

mina [271]

Answer:

The answer is: Jamison has $175 in taxes due.

Explanation:

To determine the amount of taxes that Jamison still has to pay, we can use the following formula:

Taxes due = tax liability - (taxes withheld by employer + tax credits)

Taxes due = $7,200 - ($4,400 + $2,625) = $7,200 - $7,025 = $175

Jamison has $175 in taxes due.

7 0

3 years ago

An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a s

Ivenika [448]

An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social <u>inequality </u>within society.

<h3>What is inequality?</h3>

Inequality can be defined as the way in which income or wealth are not distributed equally in a society as some people earn more than others.

Hence, their is the presence of social inequality within a society if a investment banker earn $1 million a year, a food service worker makes minimum wage, and a teacher earn $50,000 per year.

Learn more about inequality here:brainly.com/question/24143597

#SPJ1

5 0

1 year ago

JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr

nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

= $1,950,000 - ($200,000 + $1,200,000)

= $1,950,000 - $1,400,000

= $550,000

Revenue = Number of frozen dinners × Selling Price

= 150,000 × $13

= $1,950,000

Variable Cost = Number of frozen dinners × Cost per frozen dinner

= 150,000 × $8

= $1,200,000

6 0

3 years ago